Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 110 contracts
Samples: Executive Deferred Compensation Agreement (Middlefield Banc Corp), Executive Deferred Compensation Agreement (Middlefield Banc Corp), Executive Deferred Compensation Agreement (Middlefield Banc Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, incompetent person or incapable person. The Bank may require proof of incapacityincompetence, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 93 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Community Heritage Financial, Inc.), Supplemental Executive Retirement Plan Agreement (Community Heritage Financial, Inc.), Salary Continuation Agreement (Delhi Bank Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 71 contracts
Samples: Salary Continuation Agreement (Grandsouth Bancorporation), Salary Continuation Agreement, Salary Continuation Agreement
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require such proof of incapacity, minority, minority or guardianship as it may deem the Bank deems appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the such benefit.
Appears in 30 contracts
Samples: Salary Continuation Agreement (First Northern Community Bancorp), Supplemental Executive Retirement Plan Agreement (Premierwest Bancorp), Supplemental Executive Retirement Plan Agreement (Premierwest Bancorp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 21 contracts
Samples: Director Retirement Agreement (Esb Financial Corp), Trustee Deferred Compensation Agreement (Laurel Capital Group Inc), Director Retirement Agreement (Esb Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the such minor, incapacitated person, incompetent person or incapable person. The Bank may require proof of incapacityincompetence, minority, or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 16 contracts
Samples: Executive Survivor Income Agreement (Wilson Bank Holding Co), Executive Survivor Income Agreement (Wilson Bank Holding Co), Director Survivor Income Agreement (Wilson Bank Holding Co)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, incompetent person or incapable person. The Bank may require proof of incapacityincompetency, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 16 contracts
Samples: Director Deferred Fee Agreement (Central Valley Community Bancorp), Salary Continuation Agreement (Guaranty Bancshares Inc /Tx/), Deferred Fee Agreement (Plumas Bancorp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 11 contracts
Samples: Salary Continuation Agreement (Acnb Corp), Salary Continuation Agreement (Acnb Corp), Salary Continuation Agreement (Acnb Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minorityminority or guardianship, or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 10 contracts
Samples: Supplemental Executive Retirement Plan Agreement (First Perry Bancorp, Inc), Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 10 contracts
Samples: Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the such minor, incapacitated incompetent person, or incapable person. The Bank may require proof of incapacityincompetency, minority, or guardianship as it may deem appropriate before prior to the distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 6 contracts
Samples: Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc), Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc), Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, incompetent or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, incompetent person or incapable person. The Bank may require proof of incapacityincompetency, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 5 contracts
Samples: Director Emeritus Agreement (Riverview Financial Corp), Director Emeritus Agreement (Riverview Financial Corp), Director Emeritus Agreement (Riverview Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, incompetent or person or incapable person. The Bank may require proof of incapacityincompetency, minority, or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 5 contracts
Samples: Supplemental Executive Retirement Plan (Provident Community Bancshares, Inc.), Supplemental Executive Retirement Agreement (Southbanc Shares Inc), Supplemental Executive Retirement Agreement (Southbanc Shares Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem deems appropriate before distribution of the benefit. Distribution shall completely discharge discharges the Bank from all liability for the benefit.
Appears in 4 contracts
Samples: Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge discharges the Bank from all liability for the benefitliability.
Appears in 4 contracts
Samples: Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem the Bank deems appropriate before distribution of the benefit. Distribution shall completely discharge discharges the Bank from all liability for the benefit.
Appears in 3 contracts
Samples: Salary Continuation Agreement (BNC Bancorp), Salary Continuation Agreement (BNC Bancorp), Salary Continuation Agreement (BNC Bancorp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from form all liability for the benefit.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.), Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.), Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacityincompetence, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 3 contracts
Samples: Change in Control Agreement (Bank of Commerce Holdings), Change in Control Agreement (Bank of Commerce Holdings), Change in Control Agreement (Bank of Commerce Holdings)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank Bank, in its discretion, may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacityincompetence, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Bank of Commerce Holdings), Salary Continuation Agreement (Bank of Commerce Holdings), Salary Continuation Agreement (Bank of Commerce Holdings)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, incapacitated or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 3 contracts
Samples: Director Retirement Agreement (American River Bankshares), Director Retirement Agreement (American River Bankshares), Director Retirement Agreement (American River Bankshares)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank Employer may pay the direct payment of such benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank Employer may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank Employer from all liability for the benefit.
Appears in 3 contracts
Samples: Split Dollar Agreement (Charter Financial Corp), Split Dollar Agreement (Charter Financial Corp), Split Dollar Agreement (Charter Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge discharges the Bank from all liability for the benefit.
Appears in 3 contracts
Samples: Executive Deferred Compensation Agreement (Middlefield Banc Corp), Executive Deferred Compensation Agreement (Middlefield Banc Corp), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person persona incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or of custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minorityminority or guardianship, or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the such minor, incapacitated person, or incapable person. The Bank may require such proof of incapacity, minority, or guardianship as it may deem the Bank deems appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the such benefit.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Intermountain Community Bancorp), Salary Continuation Agreement (Intermountain Community Bancorp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it the Bank may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Home Bancorp Wisconsin, Inc.), Defined Contribution Supplemental Executive Retirement Plan (Southern Michigan Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution Such distribution of the benefit shall completely discharge the Bank from all liability for the benefit.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Southcoast Financial Corp), Salary Continuation Agreement (Southcoast Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her propertyproperty (as determined by the Bank), the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, incompetent person or incapable person. The Bank may require proof of incapacityincompetence, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 2 contracts
Samples: Director Deferred Fee Agreement (SI Financial Group, Inc.), Director Deferred Fee Agreement (SI Financial Group, Inc.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.. 8
Appears in 1 contract
Samples: Salary Continuation Agreement (Tidelands Bancshares Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the such minor, incapacitated person, incompetent person or incapable person. The Bank may require proof of incapacityincompetence, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.as
Appears in 1 contract
Samples: Executive Survivor Income Agreement (Willow Grove Bancorp Inc/New)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.. 158
Appears in 1 contract
Samples: Salary Continuation Agreement (American River Holdings)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to any person the Bank reasonably believes is the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution and such payment shall completely discharge the Bank from all liability for with respect to such benefit. The Bank may require such proof of incapacity, minority, guardianship or personal representative status as it may deem appropriate prior to distribution of the benefit.
Appears in 1 contract
Samples: Supplemental Compensation and Amendment Agreement (United Bancorporation of Alabama Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, incompetent or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, incompetent person or incapable person. The Bank may require proof of incapacityincompetence, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 1 contract
Samples: Executive Incentive and Retirement Agreement (New South Bancshares Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, incapacitated or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of on incapacity, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 1 contract
Samples: Director Retirement Agreement (American River Bankshares)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution Such a distribution shall completely discharge the Bank from form all liability for the benefitbenefits otherwise due to the Executive or a Beneficiary under this Plan.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Kearny Financial Corp.)
Facility of Payment. If a benefit is payable to a minor, to a ------------------- person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cooperative Bankshares Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank Employer may pay the such benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, person or incapable person. The Bank Employer may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank Employer from all liability for the benefit.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (Sound Financial Bancorp, Inc.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.. 172
Appears in 1 contract
Samples: Salary Continuation Agreement (American River Holdings)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or heror her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 1 contract
Samples: Salary Continuation Agreement (Southern Community Financial Corp)